-Visual performance of the -Immediate mental picture that -Valuable asset
company’s reality. audiences have of an -Significant link with corporate -Tangible element transmitted to organisation. image, profitability stakeholders’ minds. -Stakeholders have sole right to -Grow over time as of a result of (name, logo, motto, products, judge, so company need manage consistent performance; built by services, buildings, stationery, image strategically. effective communication that uniform) supported by good corporate image. 3 Keys attribute corporate 5 factors affect corporate 5 advantages of having good identity: image: corporate reputation: -Symbolism: Visual design -Customer service management -Employees are motivated to (logo, uniform, stationery) -Quality of products and services work (high job satisfaction) -Communication: internal/ -Media as your “best friend”- -Customers purchase with external event, sponsorship, positive news create good confidence (high repeat sales) advertising corporate image (might also turn -Attract more investors (lead -Behaviour to enemy) more capital cost) -Established business -Media journalist produce more relationship – build trust among positive news stakeholder (customer, suppliers, -Financial analysis give better partners) and more favourable coverage -Be transparent to stakeholders – and suggestions. being truthful